Financial Institutions (Liquidity Risk Management) (Amendment) Regulations 2012

[19th June 2012] Supplement to Official Gazette S.I. 38 of 2012 FINANCIAL INSTITUTIONS ACT, 2004 (Act 14 (~l2004) Financial Institutions (Liquidity Risk Management) (Amendment) Regulations, 2012 In exercise ofthe powers confened by section 69(a) ofthe Financial Institutions Act, 2004, the Central Bank makes the following Regulations￾1. These Regulations may be cited as the Financial Institutions (Liquidity Risk Management) (Amendment) Regulations, 2012.
2. The Financial Institutions (Liquidity Risk
Management) Regulations, 2009 are amended as follows- (a) in regulation 2, by repealing in the interpretation of " liquid assets" under item (c) the words "domestic banks" and substituting therefor the words "banks licensed in Seychelles"; (b) in regulation 3 by repealing subregulation (1) and substituting there for the following - "( 1 )These Regulations shall apply to banks licensed by the Central Bank under section 6 of the Act, holding company or banking group as required by the Central Bank." (c) in regulation 9- (i) in subregulation (1 ),by repealing the brackets and number (1); 309 Citation Amendment of S.1. 22 01"2009

310 Supplement to Official Gazette [19th June 2012] (ii) in subregulation (1) by repealing the words "the Return L 1, contained in
Schedule 1" and substituting therefor
the words "a report in such fOlm as may be determined by the Central Bank"; (iii) by repealing subregulation 9(2); (d) by repealing the Schedules; MADE this 15th day of June, 2012. CAROLINE AB EL GOVERNOR CENTRAL BANK OF SEYCHELLES